Introduction
If you are a trader, you may have heard of FTMO, a company that provides funding to traders and claims to help them become successful in the financial market. However, many traders are skeptical about FTMO’s claims, especially when it comes to withdrawing profits. In this article, we will explore whether FTMO withdrawal proof is legitimate or not.
What is FTMO?
FTMO is a company that provides funding to traders who pass its evaluation process. Traders are required to demonstrate their trading skills and risk management abilities by trading a demo account. Once they pass the evaluation, they are provided with a funded account that allows them to trade with real money.
How Does FTMO Work?
FTMO’s evaluation process consists of two stages. In the first stage, traders are given a demo account with a starting capital of $100,000. They are required to achieve a profit target of 10% within 30 days while keeping their drawdown below 5%. If they pass this stage, they move on to the second stage. In the second stage, traders are given a larger demo account with a starting capital of $200,000. They are required to achieve a profit target of 10% within 60 days while keeping their drawdown below 10%. If they pass this stage, they are provided with a funded account.
Is FTMO Legitimate?
FTMO is a legitimate company that provides funding to traders. However, traders should be aware that passing the evaluation process is not easy, and only a small percentage of traders are successful. FTMO also charges a fee for its evaluation process, which ranges from $100 to $500, depending on the account size.
FTMO Withdrawal Proof
FTMO withdrawal proof refers to evidence that traders who have been funded by FTMO have successfully withdrawn their profits. Many traders are skeptical about whether FTMO allows traders to withdraw their profits or not. However, there are many traders who have provided evidence of their successful withdrawals on social media and trading forums.
FTMO Withdrawal Process
FTMO allows traders to withdraw their profits once they have met the profit target and the drawdown requirements. Traders can withdraw their profits using various payment methods, including bank transfer, Skrill, and Neteller. The withdrawal process usually takes 1-2 business days.
FTMO Withdrawal Proof on Social Media
Many traders have shared their FTMO withdrawal proof on social media platforms such as Twitter and Instagram. These traders have shared screenshots of their withdrawal requests and bank statements showing the funds received. Some traders have also shared videos of their withdrawals to provide more evidence of their legitimacy.
FTMO Withdrawal Proof on Trading Forums
Traders have also shared their FTMO withdrawal proof on trading forums such as Forex Factory and BabyPips. These forums allow traders to share their experiences and provide evidence of their success. Traders can also ask questions and get advice from other traders who have been funded by FTMO.
FTMO Withdrawal Proof: Conclusion
In conclusion, FTMO withdrawal proof is legitimate, and there are many traders who have successfully withdrawn their profits. However, traders should be aware that passing the evaluation process is not easy, and only a small percentage of traders are successful. Traders should also be aware that FTMO charges a fee for its evaluation process, which ranges from $100 to $500, depending on the account size.
